Trustpower demerger on hold after South Australian storm damages transmission system

Wed, 05 Oct 2016

By Paul McBeth Oct. 5 (BusinessDesk) - Trustpower has delayed its plans to carve out its windfarms and renewable development pipeline into a standalone business after a once-in-50-year storm caused significant damage to the state's transmission system. The Tauranga-based company won't seek a final court order for the demerger on Oct. 6 as planned and is reviewing the timeline for the split after the Australian Energy Market Operator (AEMO) suspended the South Australian market in the wake of the storm. Trustpower's Snowtown 1 and 2 windf...

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